Thursday, 28 July 2016

In my 26 November 2015 blog, I wrote about the impact on
trusts of the EU’s first draft of the Fourth Anti-Money Laundering Directive (4AMLD).It seemed that only if the trust generated ‘tax consequences’ would the
trustees have to provide details about the trust to a central register, which
would not be publicly available.However, a revised version of the draft 4AMLD was published by the
European Commission on 5 July and it envisages public access to trust
beneficial ownership information for certain trusts only.The coming into force of the 4AMLD is brought
forward to 1 January 2017, from 26 June 2017.

Thursday, 14 July 2016

With the summer
holiday season upon us, it’s time to dust down those dreams of owning a
bolthole in your favourite part of the world, where summer means summer and the
sky is always blue.It’s not uncommon
for Brits to own assets outside the UK these days and not just the infamous
holiday home in the sun.In acquiring
assets abroad, though, the last thing usually considered is what happens to
those assets on death and is an English Will any use in getting them sorted out?

About Me

I'm a partner at Fladgate LLP, a London law firm, and specialise in advising British and overseas families and entrepreneurs who want to protect their wealth and successfully pass it down to the next generation.